Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $49,395.78 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $13.79, for a total value of $49,395.78. Following the completion of the sale, the director owned 2,940,385 shares of the company’s stock, valued at approximately $40,547,909.15. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fred Faching Chang also recently made the following trade(s):

  • On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total value of $371,925.00.
  • On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.38, for a total value of $315,527.16.
  • On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.49, for a total value of $51,903.18.
  • On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.47, for a total value of $51,831.54.
  • On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The stock was sold at an average price of $15.13, for a total value of $190,093.32.
  • On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total value of $206,174.76.
  • On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total transaction of $212,150.84.
  • On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total transaction of $58,744.80.
  • On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total transaction of $395,470.14.
  • On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total transaction of $56,846.34.

Newegg Commerce Stock Up 2.9%

Shares of NASDAQ:NEGG traded up $0.40 during midday trading on Tuesday, hitting $14.35. 34,887 shares of the company’s stock were exchanged, compared to its average volume of 76,297. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. Newegg Commerce, Inc. has a 12 month low of $12.50 and a 12 month high of $96.29. The stock has a 50 day moving average price of $15.72 and a 200-day moving average price of $24.07.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.51. The business had revenue of $320.41 million during the quarter, compared to the consensus estimate of $439.20 million.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newegg Commerce currently has an average rating of “Sell”.

View Our Latest Stock Analysis on NEGG

About Newegg Commerce

(Get Free Report)

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its merchandise includes computer components, laptops, desktop computers, peripherals, networking equipment, software, gaming products, home electronics, appliances and related accessories.

The company serves individual consumers, businesses and technology enthusiasts through its Newegg retail platform and marketplace. In addition to selling products directly, Newegg enables third-party merchants and brands to offer merchandise through its platform and provides services such as fulfillment, advertising and business-to-business purchasing support.

Newegg was founded in 2001 and is headquartered in the City of Industry, California.

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Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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